Per the chart below, it shows you who is spending and who is not. The highest-earning 20% of people in the US now account for a huge 40% of all consumer spending. On the other hand, the lowest-earning 20% of people only account for 9% of consumer spending. Even if you add up the bottom 40% of incomes in the US, they still only account for 22% of consumer spending, compared to 61% for the top 40%. Inflation has been over 3% for 37 months straight, and this has widened the wealth gap. The people in the higher income groups have been able to keep up with inflation through rising real estate and stock prices. Everyone else has been left behind and is struggling more with the high inflation. In summary, the wealthy are spending a lot more while the poor are spending a lot less, and the wealth gap is growing due to persistent high inflation. - Sanjay Research | InvestAnswers

Inflation is Theft - 1955 Quote. In 1955, Allan Sproul, then president of the #US Federal Reserve Bank of New York, testified before Congress calling out how inflation targeting robs the little guy and warned that #USD will be a 'badly depreciated coin' Today, it's hard to imagine any Fed official acknowledging this reality! If Allan were around today, he might be the only Fed official to understand the picture (and probably tell the truth to the American People). - InvestAnswers

Not only in the #US Fed, but might also apply to all the governments and their sailors: Fed has a record that it is always wrong. Let's elaborate: So, imagine the Fed as a group of people who help manage money and make decisions about the economy. When we talk about their "record," it means looking at how well they've predicted certain things about the economy, like recessions (which are when the economy slows down). Now, the tricky part is that even though they're really good at some stuff, like making sure the economy stays stable, they're not always right about everything. In fact, they've never been able to predict when a recession will happen, especially after big events like when prices of things go really high (which we call bubbles). They were happy when the prices of things went up a lot because it seemed good for the economy, but they didn't realize it could cause problems later when those prices suddenly dropped (that's what we call deflation). And when that happened, they didn't admit they had a part in it. So, even though they've done good things, like helping the economy, they've also made mistakes and didn't always see the problems coming. - Curtsy of Jeremy Grantham, the “bubble historian.”

https://nepalnews.com/s/nation/world-peace-flame-sent-to-everest-base-camp

डोटी, ३ जेठ : डोटीको राजपुरमा सञ्चालन गरिएको स्वास्थ्य शिविरमा ठगी गरेको आरोपमा जिल्ला प्रहरी कार्यालय डोटीले नक्कली चिकित्सकलाई पक्राउ गरेको छ । प्रहरीले नक्कली डाक्टरसहित दुई जनालाई पक्राउ गरेको छ । प्रहरीले महाकाली नगरपालिका–४ का ४४ वर्षीय भूपेन्द्रबहादुर क्षेत्री र उनका सहयोगी भीमदत्त नगरपालिका–१८ का ४६ वर्षीय पुष्कर गुण्याल रहेको नक्कली चिकित्सकलाई पक्राउ गरेको प्रहरीले जनाएको छ । उनीहरुको कागजातको छानबिन गर्दा क्षेत्रीको मेडिकल प्रमाणको प्रामाणिकतामा शंका उत्पन्न भएकोथियो । काठमाडौंस्थित नेपाल मेडिकल काउन्सिलले भूपेन्द्रबहादुर क्षेत्रीलाई चिकित्सकका रूपमा दर्ता नगरेको पुष्टि गरेपछि बुधबार दुवैजनाविरुद्ध मेडिकल कसुरसम्बन्धी मुद्दा दायर गरिएको हो ।

नेपाली क्रिकेट टीमका सन्दीप लामिछानेको करियर र व्यक्तिगत जीवनमा छायाँ परेको हाई प्रोफाइल बलात्कार मुद्दामा सबै आरोपबाट सफाइ पाएपछि आगामी टी–२० विश्वकपमा सहभागी हुन पाउने भएकाछन ।

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